ESG Manager

We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

Key Responsibilities

• Ensure that LIO’s responsibilities in meeting expectations on climate risk management as set out by the Prudential Regulation Authority (PRA) in Supervisory Statement 5/25 are well defined and understood.
• Within the ESG&R team, lead on the implementation of climate risk identification, management, monitoring and reporting within LIO’s processes, including those that relate to LIO’s climate scenario analysis, issuer‑level risk assessment, credit rating providers, key risk indicators and risk concentrations, and manager selection and oversight.
• Identify and undertake opportunities to enhance LIO’s climate scenario analysis such as through improved scrutiny of climate scenario model components, data coverage and quality, documentation of modelling approaches and limitations, and integrating more complex modelling techniques, such as incorporating second‑order climate impacts.
• Refine risk assessment methodologies, approaches and data inputs to improve decision‑usefulness of climate risk‑related MI.
• Collaborate with stakeholders across LIO, Prudential Assurance Company, M&G Investments, and M&G Plc to advance approaches to climate risk identification and management and support a coherent approach across the Group.
• Act as a focal point for the LIO on climate risk, including for other areas of the Life business, M&G Plc, and externally, such as with clients, industry bodies and regulators, as required.
• Support the ESG&R team to advance climate transition planning and implementation towards the delivery of PAC’s climate targets.
• Conduct day‑to‑day climate‑related ESG management required by the team, such as inputting into manager selection and oversight processes, internal MI production, and external reporting.

Key Knowledge, Skills & Experience

• Subject matter expertise relating to climate risk management frameworks and processes, climate strategy, and/or climate scenario analysis.
• An in depth understanding of regulatory requirements of life insurers in relation to climate risk management and disclosures, including those set by the PRA and IFRS.
• Understanding of publicly available climate scenarios such as those produced by the NGFS, and/or models offered by private vendors, including long‑term and short‑term scenarios across both transition and physical risk.
• Ability to assess model components, identify limitations of modelling approaches and techniques, and address solutions to addressing key challenges relating to model uncertainty and data gaps/quality.
• Ability to translate technical knowledge into actions, processes and/or frameworks for integration into investment policies and processes.
• An understanding of assets classes and their roles in multi‑asset and annuity portfolios.
• Experience working with data and information across asset classes, limitations, and how to address data quality and coverage issues.
• Awareness of, and experience of working with, a variety of stakeholders on climate/ESG issues (e.g. academics or research providers, industry associations, regulators, consultants, etc.).
• Comfort in working with and presenting to stakeholders across different functions and knowledge bases.
• Good written and verbal communication skills.
• Ability to prioritise and deliver work in a flexible manner.
• Ability to build good relationships internally and externally.
• Ability to work within a team environment.
• Good planning and organisational skills.
• Effective problem solving skills.
• IMC, CFA or ESG qualification desirable.

Location London

What we offer

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
• We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services.
• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.

M&G has a diverse workforce and an inclusive culture underpinned by our policies and employee‑led networks. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long‑term health conditions, disabilities or neuro‑divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com.